Volvo Announces June Sales: Up 5.4 Percent Versus June of
Last Year

First-half sales of 229,013 cars, up 9.5 per cent versus H1 2013 Global
June sales of 43,132 cars, up 5.4 per cent versus June last year Strong
growth continues in China, Sweden and Western Europe Sales at Volvo Cars
have grown every month for a full calendar year as demand remains strong in
key markets.

June sales rose by 5.4 per cent year-on-year to 43,132 cars, as China,
Sweden and several markets in Europe delivered strong growth. For the first
six months of the year, Volvo Cars recorded retail sales of 229,013 cars,
an increase of 9.5 per cent compared to the same period in 2013.

“The ability to grow consistently over a 12 month period
underlines the transformation underway at Volvo Cars,” says Alain
Visser, Senior Vice President Marketing, Sales and Customer Service at
Volvo Cars. “With the first six months of the year now behind us, we
can conclude that Volvo has had a strong start to 2014.”

In China, retail sales rose 30.8 per cent year-on-year in June to 7,583
cars, another new sales record for a single month. The Volvo XC60 crossover
continued to be the most popular model, followed by the S60L sedan and the
V40 hatchback. So far this year, Volvo Cars has sold 38,555 cars in the
Chinese market, representing an increase of 34.3 per cent compared to the
first six months of 2013.

The strong sales momentum also continued in Volvo Cars’ home
market of Sweden, where sales rose 22.1 per cent to 5,624 cars sold in
June. The best-selling models in Sweden were the Volvo V70 and V60 estate
models, closely followed by the Volvo XC60. Year-to-date, retail sales in
Sweden are up 20.2 per cent to 30,511 cars.

Western European retail deliveries also rose, helped by solid
performances in several key markets such as the UK, the Netherlands and
Belgium. The UK especially showed strong demand, with June sales up 23.5
per cent year-on-year and first-half sales up 17.6 per cent. Other markets
that performed well include Norway, Finland and Spain. Overall, retail
deliveries in Western Europe rose by 4.5 percent to 15,762 cars in June,
while the increase over the first six months of the years amounted to 8.7
per cent.

In the United States, Volvo Cars sold 5,984 cars in June, a decrease of
10.4 percent compared with the same month in 2013. Year-to-date, Volvo has
sold 29,331 cars in the United States. Elsewhere around the world, demand
for Volvo cars proved strong in countries like Australia, Brazil, Canada,
Taiwan and Turkey in June.

Retail sales status (deliveries to end customers) for Volvo Car Group is
as follows:

June

January – June

2013

2014

Change

2013

2014

Change

China

5
797

7 583

30,8%

28 702

38 555

34,3%

USA

6
678

5 984

-10,4%

32 578

29 331

-10,0%

Sweden

4
607

5 624

22,1%

25 385

30 511

20,2%

Western Europe*

15 080

15 762

4,5%

80 632

87
630

8,7%

Other markets

8 776

8 179

-6,8%

41 820

42 986

2,8%

TOTAL

40
938

43 132

5,4%

209 117

229 013

9,5%

*excluding Sweden

The Volvo XC60 was the best-selling model in June with 12,098 sold cars
(2013: 10,961), followed by the Volvo V40 and V40 Cross Country for which
deliveries reached a total of 10,301 cars (8,520). The third best-selling
model was the Volvo V60 with 5,524 cars (4,579). Sales figures by model can
be found in the Sales Volumes section of the Global Newsroom.